Decision-Making

We’re all familiar with the popularly adopted RICE framework which teams, product managers use to prioritize quarterly and annual roadmaps. While a handy and easy to understand tool the application of the tool often misses key contextual aspects and the required depth to make high quality prioritization decisions. I’ll call out a few gaps that might arise from RICE: #1 Time horizons Impact should be framed in terms of time horizons. Initiatives can take time to mature, show sustained and long lasting benefits. Imagine an initiative that requires improvements to retention, loyalty or a new business line. Keeping an artificially short time frame can over emphasize the value from incremental improvements because those could potentially materialize impact sooner. ...

As a product owner deciding what to do or not to do for your product can be tricky. Most often the number of opportunities in front of you are more than what you, your team and company can focus on. Between the qualitative and quantitative data from your customers, competitors, stakeholders and your own team this decision making can become over whelming. Getting to key focus areas is definitely an exercise that involves both art (intuition) and science (frameworks). Intuition as I define it is judgement, insight borne out of observation and possibly experience. There are probably better words to describe intuition but I’ll leave that for a different post. Let’s talk about frameworks… ...